Aurora Funds Management Limited (ACN 092 626 885) (Aurora) is the responsible entity of the Aurora Fortitude Absolute Return Fund (AFARF or the Fund).
On 28 July 2016, Aurora received a notice from Providence Wealth Advisory Group Pty Ltd (Providence) acting for a group of unitholders in the Fund, requesting that Aurora call a meeting of unitholders for the purpose of considering resolutions for the winding up of AFARF and the
replacement of Aurora as the responsible entity of AFARF (Requested Resolutions).
As a representative of unitholders holding more than 5% of the issued units in the Fund, Providence is entitled, under the Corporations Act 2001 (Cth), to call such a meeting. Therefore, unitholders should be aware that the Requested Resolutions are not being put to unitholders voluntarily by Aurora and have not been proposed or endorsed by Aurora.
Attached is the Notice of Meeting and Proxy Form for a meeting to consider the Requested Resolutions to take place on Monday, 26 September 2016 commencing at 11:00am at Registry Direct, Level 6, 2 Russell Street, Melbourne Vic 3000. Attachment A to the notice of meeting is
the statement provided by Providence which, in accordance with the Corporations Act, is being distributed to you at the same time as the notice of the meeting. Aurora did not prepare and is not responsible for the content of that statement which appears to contain certain misconceptions as to fees charged by the responsible entity.
We note that Aurora takes its legal and other governing obligations seriously and exercises a high level of care and prudence in relation to questions of interpretation of the Fund’s constitution and the product disclosure statement, including as it relates to fees charged by the
responsible entity.
The Board of Aurora intends to issue a more detailed Explanatory Memorandum to unitholders which will be relevant to your decision on how to vote on the Requested Resolutions. Aurora recommends that unitholders take no action in respect of the Meeting prior to receiving the Explanatory Memorandum, which will be posted to the registered address of each AFARF unitholder at least three weeks prior to the Meeting.
If you have any queries in the interim do not hesitate to contact Betty Poon by telephone +613-8687-2263.
On behalf of Aurora, thank you for your ongoing support of the Fund.
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